Flash News

TREE NEWS reports: The yen weakened sharply, falling 2% against the dollar to 155.56, as currency markets reacted to shifting rate expectations. The move marks a notable one-day decline, underscoring volatility in major FX pairs amid global economic uncertainty. Traders are closely watching for potential intervention by Japanese authorities.

TREE NEWS update: Federal Reserve Governor Christopher Waller said his next rate decision will “largely depend” on next week’s August inflation data. He noted that if the data comes in hot, he would consider supporting a rate hike, emphasizing that even a modest acceleration could shift him toward tighter policy. Waller acknowledged recent signs of easing inflation but stressed it remains above the Fed’s 2% target, and a reversal in progress might require a small policy adjustment.

TREE NEWS update: AirAsia and Pegasus Airlines, Turkey’s largest low-cost carrier, signed their first codeshare agreement on September 2. The partnership aims to expand AirAsia’s European reach and could create conditions for over 100 new routes between Asia and Europe in the short and long term.

TREE NEWS reports: US stock index futures advanced on [date], with Nasdaq futures turning positive and S&P 500 futures up 0.3%. The move reflects improving risk sentiment in early trading.

TREE NEWS update: German discount supermarket chain Aldi has signed an agreement to establish its Anhui headquarters in Shushan District, Hefei. The company announced its first six stores will open in November in Hefei and Wuhu, located in popular commercial areas and communities across Shushan, Baohe, Feixi, Jinghu, and Yijiang districts. Preparations are underway.

TREE NEWS reports: The US Bureau of Labor Statistics reported final second-quarter nonfarm unit labor costs rose 1.2% annually, down from the initial estimate of 1.3% and below the 1.3% expected. The downward revision signals slightly less inflationary pressure from labor costs.

TREE NEWS reports: US initial jobless claims for the week ending August 29 came in at 206,000, slightly above the expected 205,000 and up from the prior week’s 203,000. The data reflects a modest uptick in unemployment filings, suggesting a gradual cooling in the labor market.

TREE NEWS reports: US continuing jobless claims for the week ending Aug 22 came in at 1.779 million, below the 1.795 million expected and slightly above the prior week’s revised 1.778 million. The data suggest a gradual cooling in the labor market, with fewer individuals drawing unemployment benefits.

TREE NEWS reports: Canada’s trade balance for July narrowed sharply to a surplus of C$770 million, down from C$3.86 billion in the previous month. The figure reflects a significant reduction in the trade surplus, indicating weaker export performance or stronger import growth. This data point may influence expectations for Canadian economic growth and currency movements.

TREE NEWS reports: Canada’s labor productivity rose 1% in the second quarter quarter-over-quarter, rebounding from a revised 0.5% decline in the prior period. The data, released today, signals a recovery in output per hour worked. This improvement follows a period of contraction, suggesting potential gains in economic efficiency.

TREE NEWS reports: The US trade deficit widened to $88.6 billion in July, exceeding the expected $74.5 billion and the prior month’s $73.3 billion. The larger-than-expected gap signals ongoing import strength and potential drag on third-quarter GDP.

TREE NEWS reports: On Sept 2, US stocks rose with Dow +0.56%, S&P 500 +0.47%, Nasdaq +0.45%. Hecla Mining (HL) surged 8.69% to $20.77 despite silver gaining less than 1%, as weak ADP jobs data (38K vs 47K expected) cooled rate-hike bets. Miners show operational leverage. Ciena (CIEN) reports premarket tonight at 12:30 UTC.

TREE NEWS update: On September 3, Greater Bay Airlines flight HB836 landed at Kunming Changshui International Airport at 11:13 AM, marking the official launch of the Hong Kong-Kunming round-trip route. All 139 inbound passengers cleared customs in just 20 minutes, establishing a convenient air link for connectivity, trade, and cultural exchange between Yunnan and Hong Kong.

TREE NEWS reports: The Baltic Dry Index gained 4.71% to reach 3,488 points. This increase reflects stronger demand for dry bulk shipping, a key indicator of global trade activity.

TREE NEWS update: Electricity has been restored in the core area of the mudslide disaster in Gyirong, Tibet. The announcement was made by Xinhua News Agency. This marks a key step in ongoing relief efforts in the affected region.

TREE NEWS reports: Spot gold crossed $4,450 per ounce on Friday, rising more than 1% intraday. The precious metal extended its rally amid sustained safe-haven demand and market uncertainty. Traders are watching for further upside momentum as gold continues to hit record levels.

TREE NEWS update: China’s Ministry of Agriculture and Rural Affairs held a national on-site meeting in Yili, Xinjiang, to promote large-area yield increases for grain and oil crops. The meeting emphasized unremitting efforts in grain production, advancing yield improvement on a broader scale, and integrating good farmland, seeds, machinery, and methods to continuously tap yield potential, ensuring national food security.

TREE NEWS reports: Blackstone’s private credit fund has again set its redemption limit at 5%. The move, announced recently, restricts investor withdrawals to 5% of net asset value per quarter, a measure aimed at managing liquidity. This marks a repeat of a similar cap previously imposed by the firm.

TREE NEWS update: Russian President Vladimir Putin said on September 3 that a resolution to the Russia-Ukraine conflict remains possible, but depends on both parties reaching consensus. Speaking at the Eastern Economic Forum plenary, he called attacks on civilian ships and threats against civilian aircraft “state terrorism,” accusing Ukraine’s Western allies of complicity by staying silent, which he said hinders peace talks.

TREE NEWS update: A 5.2-magnitude earthquake struck near Beichuan County, Mianyang City, Sichuan Province, at 19:39 on September 3 (local time), according to the China Earthquake Networks Center’s automatic determination. The epicenter was located at 31.91 degrees north latitude and 104.47 degrees east longitude. The final result is subject to the official rapid report.